# Accounting Grade 12 P2 Eastern Cape Mock 2021 QP (Sesotho) > Grade 12 Accounting Paper 2 question paper from the Eastern Cape Mock Exam 2021 (Sesotho), 32 pages. Read online or download the free PDF. - Page: https://www.hlayiso.com/library/accounting-p2-nov-2020-qp-sesotho-eng-d/b8211dab-ac4c-47a0-a24b-ef1b3c8c13a9 - Updated: 2026-09-27 - Subject: Accounting - Grade: Grade 12 - Language: Sesotho - Document type: Question paper - Year: 2021 - Exam period: Eastern Cape Mock Exam - Paper: 2 - Curriculum: CAPS - Pages: 32 Breadcrumbs: [Home](https://www.hlayiso.com/) › [Library](https://www.hlayiso.com/library) › [Grade 12](https://www.hlayiso.com/library/grade-12) › [Accounting](https://www.hlayiso.com/library/grade-12/accounting) › [Accounting Grade 12 P2 Eastern Cape Mock 2021 QP (Sesotho)](https://www.hlayiso.com/library/accounting-p2-nov-2020-qp-sesotho-eng-d/b8211dab-ac4c-47a0-a24b-ef1b3c8c13a9) ## About this document Accounting · Grade 12 · Eastern Cape Mock Exam · 2021 · sesotho. Question paper, 32 pages. Read online or download the PDF. Read it free online on the page above; download the PDF from there. ## Document text Text extracted from the PDF. Layout, diagrams and tables may not survive extraction. ### Page 1 Downloaded from hlayiso.com NATIONAL SENIOR CERTIFICATE KEREITE YA 12 ACCOUNTING P2 PREPARATORY 2021 MATSHWAO: 150 NAKO: Dihora tse 2 Pampiri ena ya dipotso e na le maqephe a 14, pampiri ya difomula le buka ya dikarabo e maqephe a 10. *acSES2*  Difuperweng tsa pampiri ena di se sebediswe ntle le tumello Phetla ### Page 2 Downloaded from hlayiso.com Accounting/P2 2 DBE/Loetse 2021 NSC DITAELO LE TLHAHISOLESEDING Bala ditaelo tse latelang ka hloko o di latele jwalo kaha di le jwalo. 1. Araba dipotso KAOFELA. 2. BUKA YA DIKARABO e ikgethang e fanwe moo o lokelang ho arabela dipotsoTSOHLE. 3. Bontsha ditshebetso TSOHLE ho una dikarolo tsa matshwao. 4. O ka sebedisa khalkhuleita e sa porokeramuwang. 5. O ka sebedisa pentshele e loileng kapa pene e bolou/e ntsho ho araba dipotso. 6. Moo ho hlokehang, bontsha dipalo TSOHLE ho ntlha e le NNGWE ya desimale. 7. Ha o kgetha ho etsa jwalo, o ka sebedisa Pamiri ya Difomula ya Ditshupiso tsa Ditjhelete qetellong ya pamiri ena ya dipotso. 8. Ngola ka mongolo o makgethe mme o balehang 9. Sebedisa tlhahisoleseding theiboleng e ka tlase e le tataiso ha o araba pamiri ya dipotso. Qoba ho se suthe ho yona. POTSO SEHLOOHO MATSHWAO METSOTSO 1 Tlhahiso ya thepa 45 35 2 Poelano ya boradikoloto le VAT 40 30 3 Boleng ba Setoko 30 25 4 Ditekanyetso tsa ditjhelete 35 30 PALOYOHLE 150 120 Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 3 Downloaded from hlayiso.com Accounting/P2 3 DBE/Loetse 2021 NSC BOLOKA PAMPIRI ENA E SA NGOLLA. Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 4 Downloaded from hlayiso.com Accounting/P2 4 DBE/Loetse 2021 NSC POTSO YA 1: TLHAHISO YA THEPA (matshwao a 45; metsotso e 35 ) 1.1 Choose the cost item in the list provided that matches the example below. Write only the cost item next to the question numbers (1.1.1 to 1.1.3) in the ANSWER BOOK. Mosebetsi o sa tobang; mosebetsi o tobileng; matheriale e tobileng; matheriale e sa tobang 1.1.1 Matheriale ya ho hlwekisa e sebediswang fekthering 1.1.2 Moputso wa foromane ya fektheri 1.1.3 Ditjeho tsa matheriale e so sedetse e sebediswang poroseseng ya tlhahiso. (3 x 1) (3) 1.2 AFRESH CREATIONS Afresh Creations e hlahisa mofuta o le mong wa dithaole tsa ho hlapa.Selemo sa Ditjhelete se fedile ka la 29 Hlakola 2020. SE HLOKEHANG: 1.2.1 Bala ditjeho tse tobileng tsa matheriale. (4) 1.2.2 Hlophisa setatemente sa ditjeho sa tlhahiso sa selemo se fedileng ka la 29 Hlakola 2020. (18) 1.2.3 Lebisa ho tlhahisoleseding ya C. Nako e tlwaelehileng ya basebetsi bohle ke dihora tse 40 ka beke. Tlhahisoleseding e fanweng kareteng ya mosebetsi ya James ya beke e fetileng ke pontsho yah o tla ha hae mosebetsing selemong sa ditjhelete. Hlwaya dingongoreho tse PEDI malebana le maemo a ka hodimo. O boele o fane ka tlhahiso e le NNGWE ho lokisa dingongoreho tse (6) fanweng. TLHAHISOLESEDING: A. Setoko se setseng: 29 HLAKOLA 2020 1 TLHAKUBELE 2019 Setoko sa matheriale e so R 314 500 R 115 200 sebetse Setoko mosebetsing o ? 53 500 tswelang pele B. Qotso ho tswa direkotong ka la 29 Hlakola:Sheba tlhahisoleseding C bakeng sa ditekanyetso.) Matheriale e so sebetse e rekilweng ka sekoloto R 738 900 Matheriale e so sebetse e buseditsweng ho 15 300 disaplaya Ditjeho tsa fektheri tsa overhead 322 100 Ditefo tsa Tlhahiso (mosebetsi o tobileng) 598 750 Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 5 Downloaded from hlayiso.com Accounting/P2 5 DBE/Loetse 2021 NSC C. Tlhahisoleseding e nngwe: x Mosebetsi a le mong, James, o ile a siellwa rejistareng ya Meputso ya Tlhahiso. Dintlha tse tswang kareteng ya hae ya mosebetsi ya beke e fetileng ka Hlakola 2020 di ka mokgwa o latelang: Dihora tse Reiti e Dihora tsa Reiti ya sebeditsweng tlwaelehileng ovathaeme ovathaeme 30 R120 5 R180 Paloyohle ya seabo sa ramosebetsi ke 10% ya tefo yohle. x Inshorentshe ya R15 880 e ile ya siellwa ka phoso ditjehong tsa fektheri tsa overhead. Sena se kenyelletsa premiamo ya R2 220 e ileng ya lefuwa nakong ya 1 Pherekgong 2020 ho isa ho 30 Phuptjane 2020. Ditjeho di tshwanela ho ajwa pakeng tsa fektheri le lefapha la thekiso ka reshio ya 3 : 1. x Mmoloki wa dibuka o kenyeleditse R39 600 (75%) ya ditefo tsa bahlwekisi ditjehong tsa fektheri tsa overhead. Ke feela 2/3 ya ditjeho e tshwanelang ho abelwa fektheri. D. Kgwebo e hlahisitse dithaole tse 22 500 ka selemo sa ditjhelete ka R60 unithi ka nngwe. Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 6 Downloaded from hlayiso.com Accounting/P2 6 DBE/Loetse 2021 NSC 1.3 TLHAHISO YA DIFREKRENTSHE Kgwebo ena e hlahisa diphefumu le dishampu. Monga kgwebo, Marie Klasen o bapisitse porofiti e unnweng Nakong ya dilemo tse pedi tse fetileng (2019 le 2020). SE HLOKEHANG: 1.3.1 Hlwaya theko e le NNGWE e fetofetohang ya sehlahiswa ka seng se neng se sa laolwa hantle. Ela hloko hore reiti ya infleishene ke 6 %. Qotsa manane. Ketsahalong ka nngwe, fana ka tharollo ya bothata bo hlwailweng. (6) 1.3.2 Fana ka pal oho bontsha hore ntlha ya break-even ya diyunithi tse 26 250 tsa diphefumu ka 2020 e nepahetse. (4) 1.3.3 Tshwaela ka ntlha ya break-even point le boemo ba tlhahiso ya diphefumu. Bolela dintlha tse PEDI ka manane. (4) TLHAHISOLESEDING: A. DITHEKO TSA DIYUNITI LE THEKO YA THEKISO DIPHEFUMU SHAMPU (Ditheko tsa diyunithi) (Ditheko tsa diyuniti) 2020 2019 2020 2019 R R R R DITHEKO TSE SA 36,75 30,00 18,48 22,00 FETOHENG Ditheko tsa Fektheri tsa overhead Ditjeho tsa Administreishene DTHEKO TSE 108,00 88,00 50,00 38,50 FEROFETOHANG Ditjeho tsa matheriale e 50,00 48,00 25,00 15,00 tobileng Ditjeho tse tobileng tsa 40,00 30,00 18,00 17,00 mosebetsi Ditjeho tsa Thekiso le 18,00 10,00 7,00 6,50 tsa kabo THEKO YA THEKISO 150,00 140,00 90,00 80,00 B. DIYUNITI LE NTLHA YA BREAK-EVEN Palo yohle ya diyuniti tse 30 000 35 000 12 500 10 000 hlahisitsweng le tse rekisitsweng Ntlha ya Break-even (diyuniti) 26 250 20 200 5 775 5 300 45 Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 7 Downloaded from hlayiso.com Accounting/P2 7 DBE/Loetse 2021 NSC BOLOKA PAMPIRI ENA E SA NGOLLA. Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 8 Downloaded from hlayiso.com Accounting/P2 8 DBE/Loetse 2021 NSC POTSO YA 2: POELANO YA BORADIKOLOTO LE VAT (matshwao a 40; metsotso e 30) 2.1 POELANO HO BO RADIKOLOTO Tlhahisoleseding e ama Mamela Traders ka Loetse 2020. SE HLOKEHANG: 2.1.1 Bala balantshe ya Taolo ya Boradikoloto(Debtors Control balance) ka 30 Loetse 2020. Bontsha manane o bontshe '+', '–' or 'ha ho phetoho' tekanyetsong ka nngwe. (8) 2.1.2 Bala paloyohle e nepahetseng ya lethathamo la boradikoloto (Debtors’ list) ka 30 Loetse 2020. (11) 2.1.3 Ntle le ho romelwa ha disetatemente tsa kgwedi ka nako, akhaontente e hlokometse hore sena ha se a ka sa ba le tshusumetso ho ntlafatseng tse bokelletsweng. x Lebisa Tlhahisoleseding ya C. Bala % ya boradikoloto e sa ikamahanyang le melawana ya phano ya dikoloto. (4) x Lebisa T l ha h i s o l e s e di n g ya A. Hlwaya bothata bo le BONG malebana le taolo ya boradikoloto. (2) x Fana ka ditlhahiso tse PED ho lokisa bothata bo hlwailweng. (2) TLHAHISOLESEDING: A. Balantshe ka la 30 Loetse 2020 pele diphoso le ditshiello di elwa hloko: (i) Balantshe ya Taolo ya boradikoloto ho General Ledger, R100 310. (ii) Lethathamo la boradikoloto': Credit Limit Balance D Dlamini R20 000 R27 000 G Swardt 30 000 22 470 N Nomandla 15 000 17 600 L Vos 40 000 34 440 X Meyer 10 000 (2 000) B. Diphoso le Ditshiello: (i) Paloyohle ya jenale ya boradikoloto (Debtors' Journal) e ovakhastuwe ka R3 600. (ii) Ha ho lekeno le entsweng bakeng sa invoice ya thekiso e nehilweng Vos ya R2 760. (iii) Phaello ya R230 e tshwanela ho hulwa akhaonteng ya Swardt e fetilweng ke nako. (iv) Thepa e kgutlisitsweng ke Nomandla, R1 400, e ne e rometswe lehlakoreng le fosahetseng la akhaonte ya hae ho Debtors' Ledger. Lekeno ho General Ledger le ne le nepahetse. (v) Tjhelete e kalo ka R6 300 e fumanweng ho Dlamini e rekotilwe ka phoso e le R3 600 jenaleng ya resiti ya Tjhelete (Cash Receipts Journal) ya ba ya poswa e le jwalo ho Ledger Accounts. (vi) Balantshe ya Meyer e tshwanela ho fetisetswa akhaonteng ya hae ho Creditors' Ledger. Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 9 Downloaded from hlayiso.com Accounting/P2 9 DBE/Loetse 2021 NSC C. Ka la 30 Loetse 2020, manollo ya Dilemo tsa boradikoloto e bontshitse tse latelang: Kgwedi e Balantshe Matsatsi a Matsatsi a 60 Matsatsi a hodimo 30 90 R99 000 R15 420 R22 200 R44 500 R16 880 Melawana ya Dikoloto: Boradikoloto ba fuwa matsatsi a 30 ho lokisa diakhaonte tsa bona. 2.2 VAT FOREVER TRADERS Tom Smith ke monga kgwebo. Tlhahisoleseding e ama nako ya VAT e fedileng ka la 31 August 2020. Reiti ya VAT e behilweng ya 15% e kenngwa thepeng yohle e rekilweng le e rekiswang. SE HLOKEHANG: 2.2.1 Bala tjhelete ya VAT e tshwanelang ho lefuwa ho SARS ka la 31 August 2020. (9) 2.2.2 Ka Loetse, akhaontente e fumane tokomane ya fenitjhara e rekilweng ke Tom Smith bakeng sa lelapa la hae, ka R46 000. Tom o boletse hore R6 000 ya VAT e kentsweng tjheleteng eo e nkuwe e le VAT ya imphuthi. Dipatlisiso tse ding di fumantshitse hore ditokomane tse kang tseo di ne di ntse di kenngwa dibukeng selemong se fetileng. Eletsa akhaontete ho sebetsana le taba ena. Bolela dintlha tse PEDI. (4) TLHAHISOLESEDING: A. Tjhelete e lokelang ho lefuwa ho SARS ka la 1 Phato 2020 ke R31 470. B. Diteransekshene tse latelang di hlahelletse direkotong tsa Phato 2020: NTLE LE TJHELETE HO KENTSWE DINTLHA KA BOTLALO VAT YA VAT VAT Paloyohle ya dithekiso R535 000 R80 250 R615 250 Theko ya setoko 385 000 57 750 442 750 Ditheolelo tse fumanweng 11 500 ? ho tswa ho disaplaya Thepa e kgutlisitsweng ke 22 500 ? 25 875 boradikoloto Thepa e nkuweng ke monga 9 600 ? kgwebo ka theko Dikoloto tse hlakotsweng tsa ? 36 800 boradikoloto 40 Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 10 Downloaded from hlayiso.com Accounting/P2 10 DBE/Loetse 2021 NSC POTSO YA 3: INVENTORY VALUATION (matshwao a 30; metsotso e 25) On-Time Watches (Pty) e na le boradiabo ba babedi, Lizzy le Patsy Ndou. Kgwebo e rekisa diwatjhe. Tsamaiso ya inventri ya nako le mokgwa wa ya keneng Pele o tswa Pele (FIFO) le sebedisitswe bakeng sa boleng ba diwatjhe. Selemo sa ditjhelete se fedile ka 30 Phuptjane 2020. Kgwebo e rekisitse mofuta o le mong wa watjhe, XS Sports, nakong e fetileng in. Le ha diwatjhe tsena di ne di rekiseha hantle, Lizzy o na le maikutlo a hore porofiti ha e a lekana. A bontsha Patsy hore ho fumana diwatjhe tsa (Euroclox) ho tswa naheng e nngwe e ka ba tharollo ya bothata bona. SE HLOKEHANG: 3.1 Bala tse latelang bakeng sa diwatjhe tsa Euroclox tse tswang naheng e nngwe ka la 30 Phuptjane 2020, o sebedisa mokgwa wa FIFO: x Boleng ba setoko se kwalang (5) x Nako ya Stock-holding (ka matsatsi) o sebedisa tjhelete ya setoko (3) x % mark-up ditjehong (3) 3.2 Patsy o ne a sa e bone hantle qeto ya ho fumana diwatjhe tsa Euroclox ho tswa naheng e nngwe, empa ha bonahala hor qeto ya Lizzy e fana ka menyetla kgwebong. Ketsahalong ka nngwe hot se ka tlase, qotsa manane kapa ditshupiso. 3.2.1 Bapisa mark-up % e fihleletsweng mmotlolong ka mong o be o tshwaele ka moo sena se ammeng thekiso le porofiti ya mmotlolo e (4) mmedi. 3.2.2 Bapisa nako ya stock-holding bakeng sa mmotlolo ka mong le ho hlokeha ha mmotlolo ka mong o be o tshwaele ka moo tsena di (4) ammeng tsamaiso ya diaetheme tsa sa mmotlolo e mmedi.setoko 3.3 Lizzy o lakatsa ho fumana hore ebe mokgwa wa palohare e lekantsweng wa boleng ba diwatjhe tsa Euroclox o tla ba le diphetho tsa boleng bo nang le phapano ba setoko. x Bala boleng ba diwatjhe tse 270 o sebedisa mokgwa wa palohare e lekantsweng. (5) x Hlalosa ka moo sena se ka amang porofiti yohle. (2) x Hlalosa ka moo ho ke keng ha nepahala hore a sebedise mokgwa wa palohare bakeng sa diwatjhe tse ntjha ka moso. Bolela dintlha tse PEDI. (4) Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 11 Downloaded from hlayiso.com Accounting/P2 11 DBE/Loetse 2021 NSC TLHAHISOLESEDING: A. Direkoto tsa Setoko sa diwatjhe tse tswang naheng e nngwe tsa Euroclox: LENANE LA THEKO YA TJHELETE MAHLE DIYUNITI YUNITHI KAOFELA Tse rekilweng: 1 Phupu 2019 200 R 1 615,50 R 323 100 30 Loetse 2019 500 1 700,00 850 000 20 Tshitwe 2019 1 200 1 900,00 2 280 000 25 Tlhakubele 2020 400 2 000,00 800 000 15 Motsheanong 2020 250 2 400,00 600 000 Tse rekilweng kaofela 2 550 R4 853 100 Tse kgutlileng: 15 May 2020 90 ? Tse ka rekiswang 2 460 ? Setoko ka la 30 Phuptjane 270 ? 2020 Dithekiso 2 190 R2 700 R5 913 000 Ditheko tsa dithekiso R4 033 100 B. Tlhahisoleseding e fumanweng ho tswa direkotong tsa ditjhelete ka la 30 Phuptjane 2020: MMOTLOLO MMOTLOLO WA WA EUROCLOX XS SPORTS Mark-up % ? 75% Nako ya Stock-holding ? 120 days Theko yah o rekisa watjhe ka nngwe R2 700 R560 Palohare ya ditjeho tsa theko ya watjhe R1 842 R320 ka nngwe. Palohare ya porofiti ya watjhe ka nngwe R858 R240 Porofiti yohle R1 879 900 R840 000 Thekiso ya diwatjhe R5 913 000 R1 960 000 Yunithi e rekisitsweng 2 190 watches 3 500 watches Diyunithi tse ka letsohong ha ho kwalwa 270 watches 1 381 watches 30 Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 12 Downloaded from hlayiso.com Accounting/P2 12 DBE/Loetse 2021 NSC POTSO YA 4: DITEKANYETSO (matshwao a 35; metsotso e 30) O filwe tlhahisoleseding ka Fantasy Laptops, kgwebo eo manga yona e leng Ray Rennie, Nakong ya ditenyetso ho tloha ka Tshitwe 2020 ho ya ho Hlakola 2021. Kgwebo e rekisa mefuta e fapaneng ya dilaptopo mme ha e rekisi ka mokitlane. Ba boetse ba kgatela bareki dietheme tsena ka tefo e itseng. SE HLOKEHANG: 4.1 Lebisa tlhahisoleseding ya A le B. Tlatsa Creditors' Payment Schedule ya hlakola 2021. (7) 4.2 Lebisa tlhahisoleseding ya C le D. Bala: x % ya nyollelo e lebelletsweng ditjehong tsa tshireletso ho tloha ka la 1 Hlakola 2021 x % ya komeshene e leshwang barekisi ka Hlakola 2021 x Ditekanyetso tsa metsi le motlakase tsa Tshitwe 2020 x Tefo ya tjhelete ya kadimo e tla etswa ka la 31 Tshitwe 2020 (12) 4.3 Lebisa Tlhahisoleseding ya E. Mohlahlobi wa dibuka wa ka hare o hlokometse hore tjhelete e bileng ka hodimo ya matheriale ya ho pakela e ne e le R800 mme e bileng kahodimo ya (consumable stores) ebile 1 500. Tshwaela ka taolo ya matheriale ya ho pakela le (consumable stores) Qotsa (6) manane kapa dipalo. 4.4 Lebisa ho tlhahisoleseding ya D. Ka nako ya ho kginwa ya Coronavaerase ka Mmesa le Motsheanong 2020, kgwebo e lahlehetswe ke tjhelete hoba ho ne ho se dithekiso le tjhelete ya kuno. Le ha ho le jwalo, Ray o ile a tshwanela ho tswela pele ho lefa ditefo ho boloka kgwebo e phela. x Fana ka lebaka le le LENG hobaneng a sa ka a batla ho emisa ho lefa (2) meputso le ditefo. x Hlwaya tefo e nngwe e le NNGWE lethathamong tlhahisoleseding ya D eo a neng a ke ke a kgona ho e emisa o be o fane ka lebaka. (2) x Hlwaya tefo e le NNGWE lethathamong tlhahisoleseding ya D eo a neng a ka e emisa o be o fane ka lebaka. (2) 4.5 Lebisa Tlhahisoleseding ya F. Ray Rennie, monga kgwebo, o hloka thus oho nka qeto ya ditjhelete. O a tsilatsila hore a hire kapa a reke sepalangwang sa ho tsamaisa thepa. Dikgetho tsa hae tse pedi di bontshitswe e le Kgetho ya X le Kgetho ya Y. Ntle le ho etsa thekiso e ka hodimo kapa ho sebedisa sepalangwang, fana ka menyetla e MMEDI ya kgetho ka nngwe. (4) Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 13 Downloaded from hlayiso.com Accounting/P2 13 DBE/Loetse 2021 NSC TLHAHISOLESEDING: A. Mark-up % le dithekiso: Mark-up ya 75% ditjehong e sebedisitswe ho beha ditheko tsa thekiso ya dilaptop. DITHEKISO DI LE JWALO DITHEKISO TSE LEBELLETSWENG Mphalane Pudungwana Tshitwe Pherekgong Hlakola 2020 2020 2020 2021 2021 R490 000 R490 000 R770 000 R560 000 R525 000 B. Ditheko le ditefo ho disaplaya (bafani ba dikoloto): x Setoko sohle se rekilwe ka sekoloto. x Setoko se rekisitsweng se a buseletswa ka kgwedi ya Thekiso. x Bafani ba bang ba dikoloto ba fana ka theolelo tefong kgweding ya theko. x 50% e lefuwa kgweding ya theko ho fumana 10% ya theolelo. x 30% e lefuwa kgweding kamora teransekshene ya theko ya kgwedi. x 20% e lefuwa kgweding ya bobedi kamora teransekshene ya theko ya kgwedi. C. Tlhahisoleseding diaethemong tse ikgethang ho tswa ho Cash Budget: x Tshireletso: Balebedi ba nkwa Keepsafe Guarding. x Komeshene: Barekisi ba lefuwa komeshene kgweding yona eo ka dithekiso feela. Ha ba fumane moputso o tsitsitseng. x Metsi le Motlakase: Nyollelo e lebelletsweng ho tloha ka la 1 Pherekgong 2021 ke 24%. x Tjhelete ya kadimo le phaello: Tjhelete ya kadimo ho tswa Delta Bank e na le phaello ya 12,5% ka selemo. Phaello ha e a etswa khapitale mme ditefo tse sa fetofetoheng di leshwa ka la 31 December ka selemo. x Dipolokelo tsa tse sebedisehang(consumable stors): Tsena di sebediswa ho kgata dilaptop tsa bareki. D. Qotso ho tswa ho Cash Budget: Tshitwe Pherekgong Hlakola 2020 2021 2021 R R R Tjhelete ya kuno: ditshebeletso 100 000 150 000 150 000 tsa ho kgata Phaello ya tjhelete ya kadimo 9 375 8 125 (12,5% p.a.) Tefo ya tjhelete ya kadimo ? Komeshene ya barekisi 123 200 89 600 84 000 Consumable stores for repairs 42 000 63 000 63 000 Tshireletso 18 000 18 000 28 500 Metsi le Motlakase ? 18 600 18 600 Meputso le ditefo Matheriale yah o pakela Inshorentshe Phetla Difuperweng tsa pampiri ena di se sebediswe ntle le tumello ### Page 14 Downloaded from hlayiso.com Accounting/P2 14 DBE/November 2020 NSC E. Mohlahlobi wa dibuka wa ka hare o hlwaile manane a latelang ka Mphalane 2020: Ditekanyetso Yonayona Mokgelo R R % Dithekiso 490 000 400 000 -18,4% Tjheletey a kuno 85 000 126 000 +48,2% Matheriale ya ho pakela 22 000 22 800 +3,6% Consumable stores 24 500 26 000 +6,1% F. Dikgetho tsa ho fumana sepalangwang se tsamaisang thepa: Ray o na le maikutlo a ho reka sepalangwang se tsamaisang thepa ka R520 000 kapa a se hire ka kgwedi hore kgwebo ya hae e kgone ho rekisa haholo kamora ho kginwa ha Coronavaerase. O na le feela R100 000 ho matsete a hae eo a ka e sebedisang. Matsete ana a mo fumantsha phaello ya 6,5% ka selemo. O na le dikgetho tse pedi tseo a ka di shebang: Kgetho ya X (ho reka sepalangwang): Ho reka sepalangwang a sebedis tjhelete eo a e tsetetseng le hon ka tjhelete ya kadimo e ntjha ka dilemo tse 5 ya R420 000 ka reiti e hodimo ya phaello. O tla tshwanela ho lefa tjhelete ya kadimo ka dilemo tse hlano. Phaello ka dilemo tse hlano e tla ba 176 000. Kgetho ya Y (ho hira sepalangwang): Ho hira sepalangwang ho tswa Sentinel Ltd ka R15 000 ka kgwedi ka dilemo tse 60. 35 MATSHWAO KAOFELA: 150 Copyright reserved ### Page 15 Downloaded from hlayiso.com Accounting/P2 DBE/November 2020 NSC GRADE 12 ACCOUNTING PAMPIRI YA DIFOMULA TSA DITSHUPISO TSA DITJHELETE Gross profit x 100 Gross profit x 100 Sales 1 Cost of sales 1 Net profit before tax x 100 Net profit after tax x 100 Sales 1 Sales 1 Operating expenses x 100 Operating profit x 100 Sales 1 Sales 1 Total assets : Total liabilities Current assets : Current liabilities (Current assets – Inventories) : Current liabilities Non-current liabilities : Shareholders' equity (Trade & other receivables + Cash & cash equivalents) : Current liabilities Average trading stock x 365 Cost of sales . Cost of sales 1 Average trading stock Average debtors x 365 Average creditors x 365 Credit sales 1 Cost of sales 1 Net income after tax x 100 Net income after tax x 100 Number of issued shares 1 Average shareholders' equity 1 (*See note below) Net income before tax + Interest on loans x 100 Average shareholders' equity + Average non-current liabilities 1 Shareholders' equity x 100 Dividends for the year x 100 Number of issued shares 1 Number of issued shares 1 Interim dividends x 100 Final dividends x 100 Number of issued shares 1 Number of issued shares 1 Dividends per share x 100 Dividends for the year x 100 Earnings per share 1 Net income after tax 1 Total fixed costs . Selling price per unit – Variable costs per unit ELA HLOKO: * In this case, if there is a change in the number of issued shares during a financial year, the weighted-average number of shares is used in practice. Copyright reserved ### Page 16 Downloaded from hlayiso.com ### Page 17 Downloaded from hlayiso.com ### Page 18 Accounting/P2 DBE/November 2020 NSC GRADE 12 ACCOUNTING FINANCIAL INDICATOR FORMULA SHEET Gross profit x 100 Gross profit x 100 Sales 1 Cost of sales 1 Net profit before tax x 100 Net profit after tax x 100 Sales 1 Sales 1 Operating expenses x 100 Operating profit x 100 Sales 1 Sales 1 Total assets : Total liabilities Current assets : Current liabilities (Current assets – Inventories) : Current liabilities Non-current liabilities : Shareholders' equity (Trade & other receivables + Cash & cash equivalents) : Current liabilities Average trading stock x 365 Cost of sales . Cost of sales 1 Average trading stock Average debtors x 365 Average creditors x 365 Credit sales 1 Cost of sales 1 Net income after tax x 100 Net income after tax x 100 Number of issued shares 1 Average shareholders' equity 1 (*See note below) Net income before tax + Interest on loans x 100 Average shareholders' equity + Average non-current liabilities 1 Shareholders' equity x 100 Dividends for the year x 100 Number of issued shares 1 Number of issued shares 1 Interim dividends x 100 Final dividends x 100 Number of issued shares 1 Number of issued shares 1 Dividends per share x 100 Dividends for the year x 100 Earnings per share 1 Net income after tax 1 Total fixed costs . Selling price per unit – Variable costs per unit NOTE: * In this case, if there is a change in the number of issued shares during a financial year, the weighted-average number of shares is used in practice. Copyright reserved Downloaded from hlayiso.com ### Page 19 Accounting/P2 14 DBE/November 2020 NSC E. The internal auditor identified the following figures for October 2020: Budgeted Actual Variance R R % Sales 490 000 400 000 -18,4% Fee income 85 000 126 000 +48,2% Packing materials 22 000 22 800 +3,6% Consumable stores 24 500 26 000 +6,1% F. Options for securing a delivery vehicle: Ray feels that he should buy a delivery vehicle for R520 000 or lease (hire) the vehicle on a monthly basis to enable his business to generate more sales after the Coronavirus lockdown. He has only R100 000 in his investments that he can use. These investments are currently earning interest at 6,5% p.a. He has two options to consider: Option X (buy the vehicle): Purchase the vehicle by using the money in his investments and take out a new 5-year loan for R420 000 at a high interest rate. He will have to repay the loan over five years. Interest over the five years will be R176 000. Option Y (hire/lease the vehicle): Hire (lease) the vehicle from Sentinel Ltd for R15 000 per month over 60 months. 35 TOTAL: 150 Copyright reserved Downloaded from hlayiso.com ### Page 20 Accounting/P2 13 DBE/November 2020 NSC INFORMATION: A. Mark-up % and sales: A mark-up of 75% on cost is used to set the sales prices of the laptops. ACTUAL SALES PROJECTED SALES October November December January February 2020 2020 2020 2021 2021 R490 000 R490 000 R770 000 R560 000 R525 000 B. Purchases and payment to suppliers (creditors): x All stock is bought on credit. x Stock sold is replaced in the month of sales. x Some creditors offer a discount for payment in the month of purchase. x 50% is paid in the month of purchase to earn a 10% discount. x 30% is settled in the month after the purchase transaction month. x 20% is settled in the second month after the purchase transaction month. C. Information on specific items from the Cash Budget: x Security: The guards are outsourced from Keepsafe Guarding. x Commission: Salespersons are paid commission in the same month on sales only. They do not receive a fixed salary. x Water and electricity: The expected increase from 1 January 2021 is 24%. x Loan and interest: The loan from Delta Bank bears interest at 12,5% per year. Interest is not capitalised and a fixed loan repayment is made on 31 December each year. x Consumable stores: These are used to repair laptops for customers. D. Extract from the Cash Budget: December January February 2020 2021 2021 R R R Fee income: repair services 100 000 150 000 150 000 Interest on loan (12,5% p.a.) 9 375 8 125 Repayment of loan ? Commission to salespersons 123 200 89 600 84 000 Consumable stores for repairs 42 000 63 000 63 000 Security 18 000 18 000 28 500 Water and electricity ? 18 600 18 600 Salaries and wages Packing materials Insurance Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 21 Accounting/P2 12 DBE/November 2020 NSC QUESTION 4: BUDGETS (35 marks; 30 minutes) You are provided with information of Fantasy Laptops, a business owned by Ray Rennie, for the budget period December 2020 to February 2021. The business sells various types of laptop computers and does not sell on credit. They also repair these items for customers at a fee. REQUIRED: 4.1 Refer to Information A and B. Complete the Creditors' Payment Schedule for February 2021. (7) 4.2 Refer to Information C and D. Calculate: x % increase expected in security costs from 1 February 2021 x % commission paid to salespersons during February 2021 x Water and electricity budgeted for December 2020 x The loan repayment to be made on 31 December 2020 (12) 4.3 Refer to Information E. The internal auditor has noticed that packing material was R800 overspent and consumable stores were R1 500 overspent. Comment on the control of packing materials and consumable stores. Quote figures or calculations. (6) 4.4 Refer to Information D. During the Coronavirus lock-down in April and May 2020, the business lost money because there were no sales and fee income. However, Ray had to continue making payments to keep the business afloat (as a going concern). x Give ONE reason why he did not want to stop paying salaries and wages. (2) x Identify ONE other payment in the list in Information D that he would not have been able to stop and give a reason. (2) x Identify ONE payment in the list in Information D that he would have stopped and give a reason. (2) 4.5 Refer to Information F. Ray Rennie, the owner, requires help in making a financial decision. He is undecided as to whether he should lease or buy a delivery vehicle. His two options are reflected as Option X and Option Y. Apart from generating more sales or having the use of the vehicle, state TWO advantages of EACH option. (4) Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 22 Accounting/P2 11 DBE/November 2020 NSC INFORMATION: A. Stock records for imported Euroclox watches: NUMBER OF UNIT PRICE TOTAL DATE UNITS AMOUNT Purchases: 1 July 2019 200 R 1 615,50 R 323 100 30 September 2019 500 1 700,00 850 000 20 December 2019 1 200 1 900,00 2 280 000 25 March 2020 400 2 000,00 800 000 15 May 2020 250 2 400,00 600 000 Total purchases 2 550 R4 853 100 Returns: 15 May 2020 90 ? Available for sale 2 460 ? Stock on 30 June 2020 270 ? Sales 2 190 R2 700 R5 913 000 Cost of sales R4 033 100 B. Information obtained from the financial records on 30 June 2020: EUROCLOX XS SPORTS MODEL MODEL Mark-up % ? 75% Stock-holding period ? 120 days Selling price per watch R2 700 R560 Average cost price per watch R1 842 R320 Average gross profit per watch R858 R240 Gross profit R1 879 900 R840 000 Sales of watches R5 913 000 R1 960 000 Units sold 2 190 watches 3 500 watches Closing units on hand 270 watches 1 381 watches 30 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 23 Accounting/P2 10 DBE/November 2020 NSC QUESTION 3: INVENTORY VALUATION (30 marks; 25 minutes) On-Time Watches (Pty) Ltd has two shareholders, Lizzy and Patsy Ndou. The business sells watches. The periodic inventory system and the first-in-first-out (FIFO) method is used to value the watches. The financial year-end was 30 June 2020. The business sold only one type of watch, the XS Sports, in the past. Even though these watches were selling well, Lizzy felt that the business was not earning enough profit. She convinced Patsy that importing exclusive watches (the Euroclox) would be a good solution for this problem. REQUIRED: 3.1 Calculate the following for the imported Euroclox watches on 30 June 2020, using the FIFO method: x The value of the closing stock (5) x Stock-holding period (in days) using the closing stock amount (3) x % mark-up on cost (3) 3.2 Patsy was still not convinced about the decision to import the Euroclox watches, but it appears that Lizzy's decision was beneficial to the business. In each case below, quote figures or indicators. 3.2.1 Compare the mark-up % achieved on each model and comment on how this has affected the sales and profitability of the two models. (4) 3.2.2 Compare the stock-holding period for each model and the demand for each model and comment on how these affected the management of the stock items of the two models. (4) 3.3 Lizzy is interested in finding out if the weighted-average method of valuing the Euroclox watches will result in a significantly different stock value. x Calculate the value of the 270 watches using the weighted-average method. (5) x Explain the effect this would have on the gross profit. Quote figures. (2) x Explain why it would not be appropriate for her to use the weighted- average method for the new watches in the future. State TWO points. (4) Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 24 Accounting/P2 9 DBE/November 2020 NSC C. On 30 September 2020, the Debtors' Age Analysis revealed the following: Current Balance 30 days 60 days 90 days Month R99 000 R15 420 R22 200 R44 500 R16 880 Credit terms: Debtors are granted 30 days to settle their accounts. 2.2 VAT FOREVER TRADERS Tom Smith is the sole owner. The information relates to the VAT period ended 31 August 2020. The standard VAT rate of 15% is applicable to all goods purchased and sold. REQUIRED: 2.2.1 Calculate the VAT amount that is payable to SARS on 31 August 2020. (9) 2.2.2 During September, the accountant came across a document for furniture bought by Tom Smith for his personal home, for R46 000 cash. Tom said that R6 000 VAT included in this amount must be regarded as input VAT. Further investigation revealed that similar documents were regularly entered in the books over the past year. Advise the accountant on dealing with this matter. State TWO points. (4) INFORMATION: A. Amount due to SARS on 1 August 2020 is R31 470. B. The following transactions appeared in the records for August 2020: EXCLUDING VAT INCLUDING DETAILS VAT AMOUNT VAT Total sales R535 000 R80 250 R615 250 Purchases of stock 385 000 57 750 442 750 Discount received from 11 500 ? suppliers Goods returned by debtors 22 500 ? 25 875 Stock taken by owner at cost 9 600 ? Debtors' accounts written off ? 36 800 40 Copyright reserved Please turn over Downloaded from hlayiso.com ### Page 25 Accounting/P2 8 DBE/November 2020 NSC QUESTION 2: DEBTORS' RECONCILIATION AND VAT (40 marks; 30 minutes) 2.1 DEBTORS' RECONCILIATION The information relates to Mamela Traders for September 2020. REQUIRED: 2.1.1 Calculate the correct Debtors' Control balance on 30 September 2020. Show figures and indicate '+', '–' or 'no change' at each adjustment. (8) 2.1.2 Calculate the correct total of the Debtors' List on 30 September 2020. (11) 2.1.3 Despite sending monthly statements timeously, the accountant noticed that this was not effective in improving collections. x Refer to Information C. Calculate the % of debtors who do not comply with the credit terms. (4) x Refer to Information A. Identify ONE other problem with regard to the control over debtors (2) x Provide TWO suggestions to address the problems identified. (2) INFORMATION: A. Balances on 30 September 2020 before taking into account the errors and omissions: (i) Debtors' control balance in the General Ledger, R100 310. (ii) List of debtors' balances: Credit Limit Balance D Dlamini R20 000 R27 000 G Swardt 30 000 22 470 N Nomandla 15 000 17 600 L Vos 40 000 34 440 X Meyer 10 000 (2 000) B. Errors and omissions: (i) The total of the Debtors' Journal was overcast by R3 600. (ii) No entry was made for a sales invoice issued to Vos for R2 760. (iii) Interest of R230 must be charged on the overdue account of Swardt. (iv) Goods returned by Nomandla, R1 400, were posted to the wrong side of his account in the Debtors' Ledger. The entry in the General Ledger was correct. (v) The amount of R6 300 received from Dlamini was incorrectly recorded as R3 600 in the Cash Receipts Journal and posted as such to the Ledger Accounts. (vi) The balance of Meyer must be transferred to his account in the Creditors' Ledger. 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